Design Milk Co Limited (ASX:DMC) agreed to acquire Business of LVX Global Holdings Limited for AUD 39 million on September 11, 2023. The transaction is subject to the execution of conditional agreements with the remaining shareholders of LVX, the receipt of all necessary regulatory and Shareholder approval of DMC. The final date for satisfaction or waiver of conditions precedent is October 31, 2023, or such other date agreed in accordance with the terms of the SSA. Completion of transaction is expected to be in November, 2023. As of December 5, 2023, the expected closing date has been extended to March 29, 2024.

Design Milk Co Limited (ASX:DMC) cancelled the acquisition of Business of LVX Global Holdings Limited on April 16, 2024. As DMC had been placed into voluntary administration and as such is unlikely to proceed with the acquisition.